Hi guys, i wanted to share with you a way to test your strategies on mt4. I use LFH simulator 3, it's an Ea designed to test your strategies on past data.
Here's a quick tutorial :
To install it, it's very simple :
1- Uzip the file LFH_Trading_Simulator_3.zip
2- Copy LFH_Trading_Simulator_3.ex4 in ...\MetaTrader - XXX\experts
3- Copy the 8 script files into ...\MetaTrader - XXX\experts\scripts
Once you've done that, open your metatrader program and go to the strategy tester, select LFH simulator and the currency, time frame and the dates you want to use as past data.
Don't forget to tick : visual mode
After cliking the start button, you can open positions by using the associated scripts in the navigator window ( you just have to drag 'n drop the scripts on the chart ).
Tip 1 : if you want to close a position prematurely, you have to specify the exact amount you want to close.
For exampe : if i open a long position of 0.1 lot, to close it, i drag and drop the script LFH_SIMULATOR_BUY_CLOSE and change the value in the input tab : "amount to close" to 0.1.
Tip 2 : change the model to "open prices only ...." if you don't want every tick to be modeled, this way you have a faster simulation.
Also, note that unfortunately you can't use trailing stops.
Hope this is useful to you guys. I added a screen capture so you can easily understand how to use this tool.
Download here :LFH_Trading_Simulator_3.zip